CHECKBOX ONE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CHECKBOX ONE
Largest movements
- Cash -€71,258
down €71,258 (-78.2%), from €91,103 to €19,845
mainly Net result for the year (-€74,563) and Debts after one year (-€14,882)
- Tangible fixed assets -€20,381
down €20,381 (-30.7%), from €66,464 to €46,082
of which Furniture and vehicles: -€19,498
- Receivables within one year -€16,203
down €16,203 (-93.1%), from €17,409 to €1,205
of which Trade receivables: -€15,224
- Reserves -€47,264
no longer reported in 2025 (was €47,264)
- Profit (loss) carried forward -€27,300
new in 2025: -€27,300
- Debts after one year -€14,882
down €14,882 (-29.2%), from €50,921 to €36,039
- Tax, wage and social debts -€7,885
down €7,885 (-73.7%), from €10,699 to €2,814
- Trade debts -€5,183
down €5,183 (-88.6%), from €5,849 to €666
- Gross operating margin -€131,739
down €131,739, from €80,085 to -€51,654
- Taxes -€12,051
down €12,051 (-97.9%), from €12,316 to €264
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,506 | €68,243 | -€107,262 | -61.1% |
| Fixed assets | 21/28 | €66,464 | €46,082 | -€20,381 | -30.7% |
| Tangible fixed assets | 22/27 | €66,464 | €46,082 | -€20,381 | -30.7% |
| Plant, machinery and equipment | 23 | €3,364 | €2,480 | -€884 | -26.3% |
| Furniture and vehicles | 24 | €63,100 | €43,602 | -€19,498 | -30.9% |
| Current assets | 29/58 | €109,042 | €22,161 | -€86,881 | -79.7% |
| Amounts receivable within one year | 40/41 | €17,409 | €1,205 | -€16,203 | -93.1% |
| Trade receivables | 40 | €15,224 | - | -€15,224 | |
| Other amounts receivable | 41 | €2,184 | €1,205 | -€979 | -44.8% |
| Cash at bank and in hand | 54/58 | €91,103 | €19,845 | -€71,258 | -78.2% |
| Deferred charges and accrued income | 490/1 | €530 | €1,110 | +€580 | +109.5% |
| Total equity and liabilities | 10/49 | €175,506 | €68,243 | -€107,262 | -61.1% |
| Equity | 10/15 | €65,864 | -€8,700 | -€74,563 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,264 | - | -€47,264 | |
| Distributable reserves | 133 | €47,264 | - | -€47,264 | |
| Profit (loss) carried forward | 14 | - | -€27,300 | -€27,300 | |
| Amounts payable | 17/49 | €109,642 | €76,943 | -€32,699 | -29.8% |
| Amounts payable after more than one year | 17 | €50,921 | €36,039 | -€14,882 | -29.2% |
| Financial debts | 170/4 | €50,921 | €36,039 | -€14,882 | -29.2% |
| Amounts payable within one year | 42/48 | €58,721 | €40,904 | -€17,817 | -30.3% |
| Trade debts | 44 | €5,849 | €666 | -€5,183 | -88.6% |
| Suppliers | 440/4 | €5,849 | €666 | -€5,183 | -88.6% |
| Taxes, remuneration and social security | 45 | €10,699 | €2,814 | -€7,885 | -73.7% |
| Taxes | 450/3 | €10,699 | €2,814 | -€7,885 | -73.7% |
| Other amounts payable | 47/48 | €42,172 | €37,423 | -€4,749 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,871 | €21,331 | +€460 | +2.2% |
| Other operating charges | 640/8 | €109 | €255 | +€146 | +133.8% |
| Gross operating margin | 9900 | €80,085 | -€51,654 | -€131,739 | |
| Operating profit (loss) | 9901 | €59,105 | -€73,240 | -€132,345 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,385 | €1,059 | -€327 | -23.6% |
| Recurring financial charges | 65 | €1,385 | €1,059 | -€327 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €57,719 | -€74,299 | -€132,018 | |
| Income taxes | 67/77 | €12,316 | €264 | -€12,051 | -97.9% |
| Profit (loss) for the period | 9904 | €45,404 | -€74,563 | -€119,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,404 | -€74,563 | -€119,967 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.